The City Council approved a preliminary property tax levy increase of 4.2 percent for 2019 at its September 24 meeting. The 4.2 percent increase is now the maximum amount the Council can raise the 2019 tax levy.
State statute requires cities to adopt a preliminary tax levy and budget by September 30 for the upcoming fiscal year. Once the preliminary levy is adopted it can be lowered, but not increased.
The City Council will vote on adopting Roseville’s final 2019 budget, tax levy and utility rates on December 3. Additional upcoming meetings featuring 2019 budget items include a review of proposed 2019 utility rates on November 5 and the final 2019 budget (truth-in-taxation) hearing on November 26.
The levy approved by the City Council will generate $21,551,650, with approximately $11.86 million coming from residential properties in the city. This is an increase of $871,145 compared to the 2018 property tax levy and $113,600 more than the preliminary levy proposed by City Manager Patrick Trudgeon on August 13.
The additional levy dollars added by the City Council will reduce the amount of reserve funds used to balance the city’s budget. This will ensure that the general fund maintains adequate reserves and remains in compliance with city policies.
The impact on residents will vary depending on a property’s value and change in value compared to 2018. Based on expected property value increases of about 7.6 percent, the median-valued Roseville home, valued at $254,900, will see a monthly property tax increase of $5.03 to $80.40 per month.
The City Council elected to adopt City Manager recommended budget of $55,707,140 without change. The preliminary budget adopted by the Council is an increase of $1,467,910 compared to Roseville’s 2018 budget of $54,239,230. It continues to fund all existing city programs and services, with inflationary costs and a small number of enhancements accounting for the majority of the growth.
The City Council also adopted a preliminary tax levy of $473,660 on behalf of the Roseville Economic Development Authority (REDA). The adopted total is a decrease of $150,000 compared the figure proposed by staff in August and translates to a cost of approximately $5.94 annually or $.50 per month for a median-valued Roseville home.
The City Council encourages residents to attend future meetings and participate in the budget process. All City Council agendas, meeting packets and meeting minutes are available at www.cityofroseville.com/agendacenter. Meetings air live on Roseville Cable Channel 16 and are also available live and on-demand at www.cityofroseville.com/webstreaming.
For more information about Roseville’s 2019 budget process, please visit www.cityofroseville.com/budgetinformation.